Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.042%

Price spread now: Extended against Gate−0.075%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days−0.009%−$1 · spread now −0.075%, 7d avg −0.087%

Together, before fees+0.051%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.087%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAG_USDT	66.230	0	get 0.0000% / 4h	1h 29m	$146.3M	$172.6M	100x
Short	Extended XAG-USD	66.180	0.0032	get 0.0004% / 1h	29m 17s	$5.5M	$12.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee ExtendedbpOrdersPrice spread, now −0.075%Rate

Funding earned: $6.72
Price spread: −0.075% → −0.087%: $1.19
Slippage, 4 orders: −$2.93
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$15.03
Costs to cover: 0.229%
Break-even: 22.7 days

Slippage from Gate: live order book, 5 min ago; Extended: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 5 min ago	0.75 bp	8.3 bp −$8	9.5 bp −$95	12.1 bp −$1,206	15.2 bp −$7,618
Sell Extended live order book, 5 min ago	0.08 bp	3.0 bp −$3	4.3 bp −$43	9.9 bp −$988	doesn't fit

XAG on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XAGUSD	−0.0272%	1h	66.227	−0.004%	$767K	$567K	25x	as long as short
dYdX XAG-USD	0.0000%	1h	66.121	−0.164%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.260	+0.045%	$25.6M	$33.3M	150x	as long as short
RISEx XAG/USDC	0.0000%	1h	66.252	+0.033%	$1.3M	$4.2M	20x	as long as short
Hotstuff SILVER-PERP	0.0000%	1h	66.183	−0.071%	$35K	$21K	20x	as long as short
Gate XAG_USDTlong	0.0000%	4h	66.230	long leg	$146.3M	$172.6M	100x
SunX XAG-USDT	0.0000%	4h	66.280	+0.075%	$2K	$3.1M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.280	+0.075%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.270	+0.060%	$1.5M	$248K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.182	−0.073%	$120K	—	250x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XAG-USDT	+0.0013%	4h	66.230	0.000%	$2.5M	$837K	100x	as long as short
QFEX SILVER-USD	+0.0016%	1h	66.240	+0.015%	$144K	$2.8M	20x	as long as short
Lighter RH XAG	+0.0032%	1h	66.253	+0.035%	$4.7M	$9.7M	25x	as long as short
Extended XAG-USDshort	+0.0032%	1h	66.180	−0.075%	$5.5M	$12.7M	10x
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.257%	$11K	$94K	52x	as long as short
Aster XAGUSDT	+0.0035%	4h	66.240	+0.015%	$2.8M	$1.0M	100x	as long as short
Bitget XAGUSDT	+0.0040%	4h	66.260	+0.045%	$23.7M	$47.7M	100x	as long as short
StandX XAG-USD	+0.0040%	1h	66.150	−0.121%	$792K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.672	+0.667%	—	—	25x	as long as short
tradeXYZ xyz:SILVER	+0.0050%	1h	66.211	−0.029%	$165.0M	$88.8M	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.212	−0.027%	$3.9M	$694K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.186	−0.066%	$4K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.140	−0.136%	$5.6M	$9.9M	25x	as long as short
Variational Omni XAG	+0.0055%	4h	66.207	−0.035%	$5.5M	$10.5M	—	as long as short
Kalshi KXSILVERPERP	+0.0056%	24h	66.198	−0.048%	$585K	$21.3M	8.1x	as long as short
MEXC SILVER_USDT	+0.0070%	4h	66.240	+0.015%	$117.4M	$181.6M	1000x	as long as short
Binance XAGUSDT	+0.0071%	4h	66.250	+0.030%	$189.7M	$729.5M	100x	as long as short
Aevo XAG-PERP	+0.0072%	1h	66.237	+0.010%	$48K	—	10x	as long as short
Phoenix SILVER	+0.0073%	1h	66.172	−0.088%	$56K	$26K	25x	as long as short
edgeX XAGUSDC	+0.0079%	4h	66.198	−0.048%	$671K	$315K	30x	as long as short
GRVT XAG_USDT_Perp	+0.0084%	4h	66.229	−0.002%	$390K	$1.5M	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.196	−0.051%	$474K	$625K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.210	−0.030%	$24.3M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.130	−0.151%	$113K	$26K	50x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0104%	1h	66.190	−0.060%	$1.9M	$859K	20x	as long as short
Aftermath Perps XAGUSD	+0.0113%	1h	66.177	−0.080%	$80K	$40K	10x	as long as short
Paradex XAG-USD-PERP	+0.0115%	8h	66.230	+0.001%	$30K	$1K	5x	as long as short
Lighter XAG	+0.0128%	1h	66.258	+0.042%	$5.1M	$10.9M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0161%	8h	66.250	+0.030%	$27.3M	$66.4M	50x	as long as short
Nado XAG-PERP	+0.0214%	1h	66.187	−0.064%	$1.3M	$6.5M	10x	as long as short
Bullet SILVER-USD	+0.0264%	1h	66.255	+0.038%	$44K	$74K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0303% / S −0.0300%	1h	66.255	+0.038%	$103K	—	29x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0354%	1h	66.240	+0.015%	$51K	$359K	20x	as long as short